EconAir

PAGES - ECONOMICS TUTORIALS This set of economic essays in Pages are equivalent to a course in economics. They emphasize the dynamics of economic growth and development, and the role of information in the functioning of modern markets. BASIC CONCEPTS AND THEORY Chapter 1 - Introduction and Summary The Beginning of the Industrial Revolution   in England       Chapter 3 - Economic Development and Economic Growth Chapter 4  - Production Functions and  Supply Chains Chapter 5 - Demand, Income and Consumption Chapter 6 - Competition, Strategies and Structure Chapter 7 - Imperfect Competition: How Large Corporations Compete Chapter 8  - Case Study:  Parker Hannifin Chapter 9  - Bilateral Oligopoly Chapter 10 - Examples of Bilateral Oligopoly Chapter 11  - Critique of Basic Economic Theory MARKET DYNAMICS AND INFORMATION:  HOW MARKETS WORK Chapter 12  - Introduction to Information and Economic Structure Chapter 13  - How Markets Work:  Transaction Costs and Market-Makers Chapte

  THE BEGINNING OF THE INDUSTRIAL REVOLUTION IN AMERICA A key factor explaining why America industrialized so early and so quickly was the country’s continuing ties with England after the American Revolution. Americans quickly understood the profitable opportunities of the new production methods being created in England. Americans also had access to much of the scientific and technical knowledge being created and applied in England. Ambitious Englishmen with technical knowledge, like Samuel Slater the founder of the American textile industry, came to America because they had more opportunity here to get rich. Americans read English scientific and technical journals; often, American like Robert Fulton went to England to see the new methods and machinery. The future Baltimore and Ohio Railroad sent an engineer over to England to find out about English railroad technology even before England had completed its first general purpose railroad. One reason industrialization spread was the asso

  American Colonial History, 1607-1775   Preliminary Comments   Between 1607 and 1775 about 550,000 – 600,000 Europeans migrated to the American colonies. Most American families were immigrants (or refugees) or had recent immigrant pasts. They were risk-takers. They left long-settled communities and societies to get on small, crowded sailing ships to make the dangerous 3,000 voyage to a new land that was mostly wilderness. Many died. They had to adapt to a new, frontier environment. They had to “tame the howling wilderness.” A high percent of the European immigrants in this period were from England, Scotland, and Scots from Northern Ireland. Almost all were Protestants.   Emigrants from England and Scotland came over in four “waves.” They were four distinctly different groups of people from different areas of the English isles.   To understand why these four groups left England and Scotland, at different times, it is necessary to know a little bit of English history during this period.